Friday, April 7, 2017

The French presidential debate deepens...

I tried to watch another marathon, 11-candidate debate, the other night and felt sorry for my home country. Fillon, the only candidate that makes sense from an overall standpoint, has shot himself in the foot and, in my opinion, won't make it with the victory likely going to LePen.
With French government spending recorded at 56.1 percent of GDP in 2014, the corresponding tax burden amounts to a whopping 44.2 percent !

Clearly, the number one priority, which also happens to be Fillon's, is to reduce that huge public expenditure. While America's governmental spending (equal to Canada's) seems huge, it includes an enormous 4 percent in defense spending.

This said, Switzerland would be a good target for everyone to follow, but at the end of the day, will the French willing to make the necessary sacrifices that go along with reduced government expenses?

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